Transcript

1.
Bring Food Home Conference – November 2013
•
Ontario’s strategy to become
North America’s leading
jurisdiction for social
enterprise
•
A $25M investment in Ontario’s
social enterprise ecosystem
•
Support the creation of 1,600+
new jobs in the sector
•
Part of Ontario's Plan for Jobs
and Growth to support a
dynamic and innovative
business climate
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There are around 10,000 social
enterprises in Ontario.
Source: Social Economy Centre, University of Toronto
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What Do Social Enterprises Look Like?
Social Enterprise Sector
Charitable and
Not-for-Profit
Organizations
Social (Charitable)
For Profit, Social
Purpose Business
Revenue Generating,
Not-for-Profits
Outcomes
Traditional Business
Applying Corporate
Social
Responsibility
Financial (Commercial)
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Ontario's New Office for Social Enterprise
Created in
November 2012
Part of the Ministry of
Economic Development,
Trade & Employment
Connect and promote
Ontario’s social
entrepreneurs.
Work in and out of
government to support social
enterprises.
Attract more businesses to
deliver social good while
generating revenue for
Ontario.
Impact: A Social
Enterprise Strategy
for Ontario
Launched in September 2013
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Pillar 1: Connecting, Coordinating, Communicating
• Collect baseline data on the sector, including job creation and economic
impact.
• Introduce legislation to enable the creation of “hybrid corporations.”
• Publish an annual report to track progress and identify areas for learning.
• Launch an Open for Business Roundtable process to identify and resolve
administrative and regulatory burdens.
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Pillar 2: Building the Social Enterprise Brand
• Host Impact Ontario in March 2014, in partnership with MaRS, SOCAP
and RBC to give international investors opportunities to connect with
Ontario's best and brightest social entrepreneurs.
• Launch SEOntario.org – a one stop information web portal where
entrepreneurs can access services and supports.
• Increase the reach of ONE, the Ontario Network of Entrepreneurs, to
support and promote social enterprises.
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Pillar 3: Enabling a Vibrant Social Finance Marketplace
• Promoting the new Social Venture Connexion
(SVX), an online investment platform and the first
of its kind in North America.
• Pilot at least one Social Impact Bond (SIB) in partnership with
innovative service providers and impact investors.
• Launch the $4M Social Enterprise Demonstration Fund to pilot
social finance projects across the province.
• Make new social finance tools available, including crowdfunding.
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The Ontario Catapult Microloan Fund for Social Entrepreneurs
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In January 2013, the Minister of Economic Development and Innovation approved a grant of
$250,000 to the Centre for Social Innovation (CSI) to establish a pilot-scale Social Enterprise
Microloan Fund.
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CSI leveraged $350,000 from private investors to implement and fully administer a $600,000
microloan fund (provides low-interest loans plus services and supports) to eligible Ontario-based
social enterprises.
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Partners include:
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Pillar 4: Delivering Services, Supports and Solutions
• Open government procurement processes to
social enterprises through a pilot program for
the 2015 Pan Am/Parapan Am Games.
• Invest in Aboriginal social entrepreneurship.
• Work with impact investors and social finance
experts to address data gaps.
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Potential Social Enterprise Linkages
Entrepreneurs in agricultural sector may face similar challenges
as other social entrepreneurs. These issues may include:
o Access to capital
o Branding and awareness
o The need for flexible business models
We are working on two key initiatives to address these issues:
o Hybrid Legislation
o Marketing initiatives
o New Social Finance Tools